More broadly, the successful conclusion of the Trans-Pacific Partnership (TPP) is critical to spurring growth in the United States and the throughout the Asia-Pacific region. Four ASEAN countries (Brunei, Malaysia, Singapore, and Vietnam) are now participants in the 12-nation TPP negotiations. The TPP is an ambitious, comprehensive, 21st century agreement that will enable U.S. companies to compete on a level playing-field with our global competitors and set transparent rules of the road reflective of American values.
We have clearly reached the endgame of the negotiations, and now is the time for Congress to pass Trade Promotion Authority to facilitate the successful completion of the agreement.
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We are at an historic moment of opportunity because our economy has become inextricably linked to the Asia-Pacific. More than ever, this dynamic region — its companies, governments and people — want to do business with American firms.
This trip embodies the deep ties between the United States and the Asia-Pacific region. Further expanding this strong partnership will deliver prosperity to millions of people on both sides of the Pacific, creating greater opportunity and enhancing our competitiveness for years to come.
Commentary by Penny Pritzker, the U.S. Commerce Secretary, and Evan G. Greenberg, the chairman and CEO of ACE Group and chairman of the US-ASEAN Business Council. Follow Pritzker on Twitter @commercesec and the US Mission to ASEAN @USMission2ASEAN.